Oil wtic and brent.Cr. Maybe some lower movement.
Here is a story supposedly from Reuters News. It may read like this. Wasn't reported on Oct 04 but talks of hedgeing. Supposedly on Oct 04 there was about 500,000 call lots outstanding on November $100 calls, which had a lot bought in the last few days before Oct 04. Oil price on Oct 03 hit $86.50.
So my tech chart showed that world oil prices were topping so I have to assume most all of the calls expired out of the money.
(CR-$2.06) share price.
The other part of the story is most interesting if not a phoney storey. Saudi Arabia, Putin and Trump had talked to each other to try to stop the oil price from rising that DAY. Supposedly for political purposes. Then a few weeks later trump tells the world that oil prices are still to high. Meanwhile the price of oil continues to drop. Maybe thats a signal for the 1% ters or doesn't that tell you that you are lucky to make money in the market. So today the price is under $72.00 but the techs are showing oversold but they can keep showing oversold for awhile.
Will you ever understand the fundamentals. I don't.
The best to everyone.
search Reuters hedging oct 04.